Two Sigma Securities LLC Buys 308 Shares of AutoZone, Inc. (NYSE:AZO)

by · The Cerbat Gem

Two Sigma Securities LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 41.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,043 shares of the company’s stock after buying an additional 308 shares during the period. AutoZone accounts for 0.4% of Two Sigma Securities LLC’s portfolio, making the stock its 16th largest position. Two Sigma Securities LLC’s holdings in AutoZone were worth $3,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of AutoZone in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. increased its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of AutoZone in the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC boosted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the transaction, the vice president now directly owns 2,924 shares in the company, valued at $10,555,640. This trade represents a 49.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now directly owns 403 shares in the company, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock worth $42,177,331 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

AutoZone Price Performance

NYSE AZO opened at $3,601.76 on Friday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81. The business’s 50-day moving average is $3,586.91 and its 200 day moving average is $3,355.64. The stock has a market capitalization of $60.44 billion, a PE ratio of 24.06, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO – Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AZO shares. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Roth Mkm raised their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group upgraded shares of AutoZone from a “sell” rating to a “neutral” rating and upped their target price for the stock from $3,044.00 to $3,811.00 in a research report on Tuesday, April 1st. Raymond James restated a “strong-buy” rating on shares of AutoZone in a research report on Wednesday, March 5th. Finally, Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,724.00.

Read Our Latest Analysis on AZO

About AutoZone

(Free Report)

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

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